Rare offering of a 5-Unit Building with Nine Parking Spots Just Outside of Harvard Sq, one of the most Ideally Situated Neighborhoods to take advantage of Everything Cambridge Has to Offer. All of the units currently leased until August 2025. This income producing property has incredible potential for condo conversion, including adding square footage by expanding into the massive basement. The gross rent is $201,000 including rental parking spots. Updated kitchens and baths throughout. Well maintained. Newer roof and windows. Laundry and storage in the basement. The units are generously sized with high ceilings, period details, and hardwood floors throughout. The exterior has been preserved beautifully. This is truly a unique turnkey investment opportunity to own a building so close to Harvard Sq. Your tenants will love the proximity to Harvard Univ, Harvard Sq and Porter Sq trendy restaurants and shops, MBTA Red Line to MIT, downtown Boston, and beyond!
Sale Statistics
Sale Overview
Original List Price:$3,100,000
Final Sale Price:$3,300,000
Difference:
+$200,000 (+6.5%)
Performance Metrics
106.5%
List to Sale Ratio
Sold above asking price
8
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$781
Sale $/sq ft:$831
This property sold for $831 per square foot
Sale Summary
This property sold for 6.5% above the original asking price, indicating strong buyer demand.
With only 8 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
5+ Family - 5+ Units Up/Down
Property Category
Residential Income
Year Built
1920
Bedrooms
8
Full Bathrooms
5
Living Area
3,969 sq ft
Total Rooms
19
Stories
5
Levels
5
Interior Features
Flooring
Hardwood
Has Fireplace
No
Appliances
Range, Dishwasher
Interior Features
High Speed Internet, Upgraded Cabinets, Upgraded Countertops, Living Room, Kitchen, Dining Room
Laundry Features
Electric Dryer Hookup
Basement Details
Full, Interior Entry, Bulkhead, Concrete
Window Features
Insulated Windows
Exterior & Structure
Construction Materials
Frame
Roof
Shingle
Foundation
Stone
Exterior Features
Garden
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.10 acres
Lot Size
4,313 sq ft
Lot Size Area
0.1000
Lot Features
Level
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
9
Parking Features
Off Street, Leased
Utilities & Systems
Utilities Available
for Gas Oven, for Electric Dryer
Water Source
Public
Sewer
Public Sewer
Electric
110 Volts, 100 Amp Service
Community & HOA
Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, House of Worship, Private School, Public School, T-Station, University
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$18,171
Tax Year
2024
Tax Assessed Value
$3,069,500
Parcel Number
M:00156 L:00102
Zoning
C-1
Financial Data Source
Owner
Additional Details
Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Nine parking spots at $200 a month are included in the annual rent of 201, 000 Broker has an ownership interest in the property.
